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Below is an Interesting article I found, which says that.....Do not 3 }1 O( D8 ~& v
expect much from Crude Oil producers and future is not with the
! R) T' E$ D2 C0 T) K: _companies producing Jet fuels but Biofuels. Also no wonder if some of
H0 o& u. @1 b" o8 e2 b Ythese oil producer will go bankrupt or out of the business even if / ]6 f3 ~' a: r! p1 |% O5 j( c3 z
crude prices improves. This implies also to good names such as Shell,
2 K5 W' k# f. S" LEXXON, BG, BP, Cheveron ....xyz.. oils
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* R# \5 n- d7 V, V4 U" i) N& kRecently OPEC reduced crude oil production twice over just a few
+ [3 a7 ^* N% Hmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
, }( }, `: I0 ~1 {1 I8 N' S% C/ yA year ago these things would have spiked the price of crude oil by at # ~ ]" c) Y g- b G. @. n
least $50.00 per barrel. Today, oil price declined by a record amount. , ]6 v3 v3 G7 \/ I
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There are several reasons the price of oil is decreasing in the face - i& W3 T# H& J: O+ C
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
/ z( {) B& Q Q+ bin the ocean near Brazil. Each of these oil fields has more oil than
$ z# b% N- o% j- z% ?5 u" P/ P3 AArabia.
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2. New natural gas has been found in Pennsylvania and West Virginia. : E7 `$ t% W; h
This is the largest find in North America. 8 A" M) C- }: X* P# J$ U8 b- F3 a/ J
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3 a& T3 t2 |- E& T3 i! R3. New methods of injecting CO2 and surfactants into oil wells is 4 X! E4 A+ L5 z$ A+ I; w
being used to double their output. , s, Q, {( j. }6 O0 p
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S5 ~# C# d3 e( V9 z+ x) N6 X3 v4. Production of bio-fuels is beginning to reach critical mass. Bio # v4 N+ }, q+ j) F
fuel is being produced from many plants and algae. The production # W; z) F: |4 t; k9 {
potential per acre in some cases is astounding. Many countries are
7 T& n+ j; o5 Aracing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants
1 w( i" `$ W v; kare now selling their used oil to bio-diesel producers. Every pork,
O. W2 b- M, y! ?* Z$ W5 ^+ Icattle, turkey and chicken processing plant will soon sell their fat # T! B$ o" F/ A
to bio-diesel producers. One pork processing plant in Oklahoma is
5 i6 X! B5 m; u! j( C1 T% mproducing 30,000 gallons of bio-diesel per day from pork fat.
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0 R% N* t0 M7 U" q6. There are 99 nuclear reactors in various stages of planning and ' u) _( \, f" Q4 z7 ?8 Q
construction around the world at this time. Several hundred more are
( d% E+ ~- y H: \expected to be built in the future. Much of the energy they produce
( T0 V* V5 ?' r: e/ Vwill replace oil.
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7. Every company in any form of transportaion business is replacing
4 G( {9 |- O* ]& Nolder equipment such as trucks, airplanes, train engines, ships, etc. 0 O- ^8 |8 S) j% s- l9 C7 l; J
with new more fuel efficient equipment. Airlines and railway companies - I7 Q! M; Q0 ^$ D, _9 r) M$ v
are experiencing 20% to 25% better fuel econony with the new " c7 W0 m$ q* Z8 s. Q- f
equipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
! K6 k" k* ~/ Q6 Nfuel is cleaner and performs better than jet fuel.
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2 P( E% v) ?1 C, w, v8. Cities and counties throughout the US are selling the rights to + f/ e% a4 O" u4 F% }: b1 Q
capture methane gas from landfills. This is a huge source of gas 0 I( A$ O: E/ ~$ q: D
available at very little cost or risk. The gas is displacing crude
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 t! y) B6 R s2 }+ B3 P1 H
produced as a byproduct is sold to oil companies for injection into
! U$ m& M# Z8 g9 Moil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy 9 t4 H" U) w0 L
source. Three new wind turbines are being erected every day in the US. * l0 C2 e; F+ X8 z$ e
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' n: w# ~8 |, q. ZEach of the above by itself will not make a large difference in the
& K$ ~5 m, y! ^% @: ?9 G# [4 @0 Vprice of crude oil but the sum of all of them together is world $ X0 F' d; P; ]. F, x5 t6 D
changing. The important thing is that OPEC no longer has the ability ; F L! ` }% A9 V' o; W% I4 X+ c
to control oil prices.
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0 l" R8 c8 Q. T( T$ b5 z) }With the above scenario, I still believe that there are under
# h/ \" O3 ~6 x- T$ C% N }: gperformed OIL companies and probably they are yet to get the justified
! e6 U4 K5 N! R O. ~- ivalue .....
& z' \( B3 @1 P c. AIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ! f( q5 s4 U0 `
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN 5 V; @! g: b2 ?3 z3 \( D7 w
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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